Key Architect of Dodd-Frank Says Our Financial System is Not Safe Enough or Fair Enough Yet

The video discusses the resilience of the Dodd-Frank Act during the COVID-19 crisis, highlighting the need for a safer financial system. It examines the effectiveness of stress tests, the role of capital and liquidity, and the challenges faced by short-term funding markets. The video also addresses the Consumer Financial Protection Bureau's role in protecting consumers, emphasizing the need for strong regulatory frameworks and transparency.

What issues were identified with the stress tests conducted during the COVID-19 pandemic?

How did the lack of transparency in stress test results affect market confidence?

What are the implications of the CFPB's current status for consumer protection?